JSW MG Motor achieves record sales with 31% growth in October
New Energy vehicles are driving growth for the company, and constitute 70% of sales volume.
JSW MG Motor India marked a 31% year-on-year increase in sales volume with 7,045 units sold in October 2024. New Energy Vehicles (NEVs) made up over 70% of total sales—a first in the passenger car segment in India.
The achievement underscores the company’s commitment to electrifying the Indian auto market.
A significant highlight this month was the launch of the MG Windsor, which has been popular in the Indian market as the country’s first intelligent Crossover Utility Vehicle (CUV). The Windsor registered 3,116 units sold in October, making it the top-selling passenger electric vehicle for the month. The strong response in the EV market signals growing consumer preference for advanced electric mobility solutions.
The VAHAN portal, an official source for vehicle sales in India, recorded a 34% YoY growth in MG Motor India's figures for October (excluding Telangana). The company’s adherence to transparency in sales reporting, as pledged in prior months, has earned it notable consumer trust, the company said. The increase in demand was further fueled by the festive season, underscoring the success of MG Motor India’s EV lineup and the country’s progressive shift towards sustainable transportation.
The company’s achievement in October demonstrates its influential role in advancing India’s NEV ecosystem, aligning with the nation’s clean mobility goals.
RELATED ARTICLES
ICRA Projects Non-Linear Capex Surge for Automakers Under Stricter CAFE-III Draft
Rating agency estimates a ₹38,000 crore fuel saving potential but warns of margins and pricing pressure for ICE-heavy PV...
Proposed CAFE-III Norms to Drive Domestic Ethanol Supply and Flex-Fuel Integration: GEMA
The Grain Ethanol Manufacturers Association states that the draft compliance framework establishes long-term policy visi...
Jindal Mobilitric to Begin Commercial Operations with R40 E-Scooter, Targets ₹350 Crore Revenue by FY28
The two-wheeler venture establishes a vertically integrated production ecosystem in Gujarat to support its nationwide re...


01 Nov 2024
7179 Views
